The Indiana Department of Revenue announced a new publication, BizTax. It is designed to help business taxpayers understand Indiana tax laws, the tax-filing process, and Department services Each issue will provide businesses with information about business taxes, special taxes, legislative changes, tax deadlines, and tips for communicating with the Department The inaugural issue addresses the [...]Read Full Article →

If a township assistance property tax levy in Indiana is more than the statewide average township assistance property tax levy, then the Department of Local Government Finance must: Remove the township assistance property tax levy from the maximum property tax levy for the township’s general fund Require the township to separate its township assistance property tax [...]Read Full Article →

Here is a little secret for you… The taxing authority may have already drafted your Research Credit disallowance! In 2008, the IRS published an audit techniques guide that included Exhibit E — Substantiation Write-up Supporting a Notice of Claim Disallowance. This document is currently used by most IRS and state taxing authority teams to support [...]Read Full Article →

For taxpayers affected by the tornado disaster who cannot report or make payments on time, the Commission will waive interest or penalty less than $10,000, so long as the taxpayer has voluntarily paid taxes due, filed reports and submitted a written statement of their situation. The Commission is also approved to assist taxpayers in the [...]Read Full Article →

L. 2013, S517 (P.L. 257), effective 07/01/2013, Extends the current assessment schedule for outdoor advertising signs provided in Ind. Code § 6-1.1-3-24 through the 2016 assessment year; Provides that real property leased wholly or in part to a state agency is exempt to the extent that the real property is leased to the state agency [...]Read Full Article →

The exemption from special benefit assessments available to farm, agricultural and timber land subject to current-use assessment is eliminated with respect to assessments levied by local improvement districts created by irrigation districts. (Source: L. 2013, H1416 (c. 177), effective 07/28/2013)Read Full Article →